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solutions, many of them, lie with congress. but there are causes and there are many of them. a simple answer would be the cleanest, the most convenient, out of control deficits or stimulus. it's barack obama or george w. bush, but it's not that simple, not that satisfying. one cause however does stand out amongst many. cheap and ample credit. for years the ability of almost every working american to access more credit than they should have been able to, masked the underlying fact that lower and middle class incomes were not rising. people felt and in many cases actually were wealthie...

solutions and right now, those solutions, many of them, lie with congress. but there are causes and there are many of them. a simple answer would be the cleanest, the most convenient, out of control deficits or stimulus. it's barack obama or george w. bush, but it's not that simple, not that satisfying. one cause however does stand out amongst many. cheap and ample credit. for years the ability of almost every working american to access more credit than they should have been able to, masked the underlying fact that lower and middle class incomes were not rising. people felt and in ma...

this week we learned that the measure of consumer confidence fell for the fourth month in a row to its lowest levels since january. you may disagree with why it's down. but, again, the customer who in this case is the american consumer is always right when it comes to the economy. why? because if americans are worried about the economy, they delay making important purchases and a perceived economic slowdown can easily become a reality. okay. so it's happening. but why? well, probably the biggest reason is this -- jobs. 20 straight months of job growth. yes. but over the last five mon...

proof. that's fair. so here you go. you probably know that more than any other developed nation, the u.s. economy is driven by its citizens and on how confident they feel about their future. this week we learned that the measure of consumer confidence fell for the fourth month in a row to its lowest levels since january. you may disagree with why it's down. but, again, the customer who in this case is the american consumer is always right when it comes to the economy. why? because if americans are worried about the economy, they delay making important purchases and a perceived econom...

congressman peter king in new york is chairman of the homeland security committee. he's been briefed on the plot and joins us on the phone. what are the latest you can tell us? >> i got briefed by secretary napolitano and john brennan. basically it's a nonmetallic deaf vits, intended to be put on an american-bound airline. it never made to it the airline. it's right now as you said being tested and analyzed by the fbi. obviously a concern would be that being unmetallic as to whether or not this could evade security in our airport. that's a real concern. also, this is an ongoing opera...